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Andrew Cullen, Guest Research Fellow, School of Computing and Information Systems, The University of Melbourne

Shares in this data centre company are down 40% as investors lose faith in the AI story

For two decades, data centres were relatively safe, lucrative real estate investments. They attracted investors because they served as digital infrastructure — the essential plumbing that keeps the internet running.

The growth of artificial intelligence (AI) and its increased demands on computing power has meant data centre builders are in a race to build out sufficient supply.

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